Monarch Cement (OTCMKTS:MCEM) Releases Earnings Results

Monarch Cement (OTCMKTS:MCEM) issued its quarterly earnings data on Wednesday. The construction company reported $6.44 earnings per share (EPS) for the quarter, Zacks reports. Monarch Cement had a net margin of 19.56% and a return on equity of 12.31%.

Monarch Cement Trading Down 2.3%

Shares of MCEM traded down $5.05 during midday trading on Wednesday, hitting $215.00. 1,981 shares of the company’s stock traded hands, compared to its average volume of 1,655. The stock has a market capitalization of $787.33 million, a price-to-earnings ratio of 13.38 and a beta of 0.57. Monarch Cement has a 1 year low of $200.00 and a 1 year high of $305.00. The firm’s fifty day moving average is $227.52 and its 200-day moving average is $235.85.

Monarch Cement Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, August 26th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a dividend yield of 140.0%. Monarch Cement’s dividend payout ratio is presently 20.66%.

About Monarch Cement

The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States. The company also provides masonry cement, ready-mixed concrete, concrete products, and sundry building materials. It primarily serves contractors, ready-mixed concrete plants, concrete products plants, building materials dealers, and governmental agencies.